Hodges Capital Management Inc. Has $28.13 Million Stake in Eagle Materials Inc $EXP

Hodges Capital Management Inc. lifted its position in shares of Eagle Materials Inc (NYSE:EXP) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,110 shares of the construction company’s stock after acquiring an additional 19,066 shares during the quarter. Eagle Materials makes up about 2.4% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 7th largest position. Hodges Capital Management Inc. owned approximately 0.43% of Eagle Materials worth $28,131,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Lighthouse Investment Partners LLC increased its holdings in Eagle Materials by 743.8% in the third quarter. Lighthouse Investment Partners LLC now owns 34,317 shares of the construction company’s stock valued at $7,997,000 after purchasing an additional 30,250 shares during the last quarter. Sprucegrove Investment Management Ltd. grew its stake in Eagle Materials by 1,671.4% in the fourth quarter. Sprucegrove Investment Management Ltd. now owns 12,400 shares of the construction company’s stock valued at $2,563,000 after acquiring an additional 11,700 shares during the period. Cambiar Investors LLC acquired a new position in Eagle Materials in the fourth quarter valued at about $1,321,000. Madison Asset Management LLC acquired a new position in Eagle Materials in the third quarter valued at about $1,976,000. Finally, Bastion Asset Management Inc. grew its stake in Eagle Materials by 62.6% in the third quarter. Bastion Asset Management Inc. now owns 27,649 shares of the construction company’s stock valued at $6,437,000 after acquiring an additional 10,640 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 1.7%

EXP stock opened at $213.60 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. The stock has a market capitalization of $6.61 billion, a P/E ratio of 16.28 and a beta of 1.37. The business has a 50-day moving average of $204.42 and a 200-day moving average of $211.44. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $243.64.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.32. The company had revenue of $479.11 million during the quarter, compared to analysts’ expectations of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.Eagle Materials’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 earnings per share. On average, sell-side analysts anticipate that Eagle Materials Inc will post 13.02 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, June 15th. Eagle Materials’s dividend payout ratio is currently 7.62%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXP. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 target price on shares of Eagle Materials in a research note on Wednesday, May 20th. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Wells Fargo & Company boosted their target price on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $224.30.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.